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Showing 461 - 470 of 3453 results for "Stake"

Elanor shakes up leadership, sells down fund

KARREN VERGARA  |  TUESDAY, 10 SEP 2024
The chief executive and chief operating officer of Elanor Investors Group have abruptly exited as the group sells its stake in a commercial property fund in exchange for $23.9 million. Elanor Investors chief executive and managing director Glenn Willis ...

Challenger goes for growth with State Street

JAMIE WILLIAMSON  |  THURSDAY, 5 SEP 2024
... coincides with Apollo Global Management's decision to reduce its shareholding in Challenger. Despite increasing its stake since July 2021, Apollo has now reduced its shareholding from 20.1% to 9.9%. As a result, MS&AD Insurance Group becomes Challenger's ...

Macquarie AM, PSP Investments sell AirTrunk stake to Blackstone, CPP Investments

MATTHEW WAI  |  THURSDAY, 5 SEP 2024
... a deal worth over $24 billion. Under the deal, Blackstone will be the majority owner, with CPP Investments taking a 12% stake. "This is Blackstone at its best - leveraging our global platform to capitalize on our highest conviction theme. AirTrunk is ...

Funds SA exec jumps ship

ELIZABETH FRY  |  MONDAY, 2 SEP 2024
Tony Keenan has left the $43 billion investment corporation after a seven-year stint as executive manager of corporate engagement. Keenan left the organisation in August and was a core member of Funds SA's close-knit leadership team. Keenan plans ...

ASIC launches new AFSL portal

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
The Australian Securities and Investment Commission (ASIC) is piloting a new digital portal for licensing which includes the ability to apply for, maintain and vary Australian financial services licences (AFSL). The new AFSL portal was launched on August ...

Longreach hires Channel Capital sales lead, launches advisory firm

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2024
... agriculture, US energy income, and global royalty finance. ASX-listed Navigator Global Investments (NGI) first bought a 32% stake in Longreach in 2021, which has incrementally increased to 34%. Navigator takes minority stakes in alternatives fund managers ...

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
State Street Global Advisors (SSGA) has taken a 5% stake in micro-investment platform Raiz as the latter uses funds to expand its market share and jump on the artificial intelligence bandwagon. SSGA will acquire its 4.8% interest worth $1.97 million ...

Praemium revenue grows to $85m

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
Praemium released its full year results, flagging a 12% increase in revenue to $84.9 million for the year ending June 30. Praemium said underlying expenses rose to $61.3 million, up 20% on FY23, due to increased IT and risk mitigation costs. "The latter ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... invested in property. Some $15.4 billion of this is managed by Paradice Investment Management, which Charter Hall has a 50% stake in. FUM contracted by $6.3 billion, driven by devaluations of $6.1 billion and divestments of $2.4 billion. This was offset ...

Dexus property valuation rout deepens by $2bn

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... Brisbane's 18 Motorway Circuit for $17.9 million; and received $296.2 million for 5 Martin Place in Sydney, which it had a 25% stake in. "Markets move in cycles and while conditions are presently challenging, we invest for the long term. The assets ...